Kogan.com Ltd
KGN: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|@%c^ | LOCK|D& | LOCK|@#!k!XS |
Kogan: Prioritizing Market Share Gains Over Near-Term Profits
Kogan is rapidly increasing gross sales and taking market share in Australia's discretionary e-commerce market. However, this is being driven by ballooning marketing expenses, and so comes at the expense of diminishing near-term profit margins. Further weighing on margins are losses in New Zealand.
